View my new listing for sale at 309 - 3651 Foster Avenue, Vancouver and currently listed at $749,000.Amazing large two bedroom two bathroom plus den/office unit with a great open concept and mountain views from your large balcony for entertaining. With over 950 Sq Ft you will love the granite countertops in your gourmet kitchen with gas range, rich laminate flooring, 9’ ceilings, and a great pantry that can also be used as an office. The location is terrific as this building is nestled on a private and quiet street, yet walking distance to Joyce skytrain and minutes to Highway 1, Metrotown Centre, Central Park and restaurants. The master bedroom has a walk-in closet and en-suite. 1 parking and 1 storage locker. This unit has everything you need including an in suite laundry.
30-10-2017
New Listings
Apartment and townhome activity is outpacing thedetached home market across Metro Vancouver*. This activity helped push total residential salesabove the historical average in September.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales inthe region totalled 2,821 in September 2017, a 25.2 per cent increase from the 2,253 salesrecorded in September 2016, and a 7.3 per cent decrease compared to August 2017 when 3,043homes sold.Last month’s sales were 13.1 per cent above the 10-year September sales average.“Our detached homes market is balanced today, while apartment and townhome sales remain insellers' market territory,” Jill Oudil, REBGV president said. “If you’re looking to enter themarket, as either a buyer or seller, it’s important to understand these trends and use thisinformation to set realistic expectations.”There were 5,375 detached, attached and apartment properties newly listed for sale on theMultiple Listing Service® (MLS®) in Metro Vancouver in September 2017. This represents a 12per cent increase compared to the 4,799 homes listed in September 2016 and a 26.6 per centincrease compared to August 2017 when 4,245 homes were listed.The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is9,466, a 1.2 per cent increase compared to September 2016 (9,354) and a 7.5 per cent increasecompared to August 2017 (8,807).“Detached homes made up 30 per cent of all sales in September and represented 62 per cent ofall the homes listed for sale on the MLS®,” said Oudil. “This dynamic has slowed the pace ofupward pressure that we’ve seen on detached home prices in our market over the last few years.”For all property types, the sales-to-active listings ratio for September 2017 is 29.8 per cent. Byproperty type, the ratio is 14.6 per cent for detached homes, 42.3 per cent for townhomes, and60.4 per cent for apartments.Generally, analysts say that downward pressure on home prices occurs when the ratio dips belowthe 12 per cent mark for a sustained period, while home prices often experience upward pressurewhen it surpasses 20 per cent over several months.The MLS® Home Price Index composite benchmark price for all residential properties in MetroVancouver is currently $1,037,300. This represents a 10.9 per cent increase over September 2016and a 0.7 per cent increase compared to August 2017.Sales of detached properties in September 2017 reached 852, a 27.9 per cent increase from thesales recorded in September 2016 (666), a decrease of 33 per cent from September 2015 (1,272),and a decrease of 32.9 per cent from September 2014 (1,270). The benchmark price for detachedproperties is $1,617,300. This represents a 2.9 per cent increase from September 2016 and a 0.1per cent increase compared to August 2017.Sales of apartment properties reached 1,451 in September 2017, a 19.1 per cent increasecompared from the sales recorded in September 2016 (1,218), a 5.1 per cent decrease fromSeptember 2015 (1,529), and a 22.1 per cent increase from September 2014 (1,188). Thebenchmark price of an apartment property is $635,800. This represents a 21.7 per cent increasefrom September 2016 and a 1.4 per cent increase compared to August 2017.Attached property sales in September 2017 totalled 518, a 40.4 per cent increase compared to thesales recorded in September 2016 (369), a 4.8 per cent decrease from September 2015 (544), andan 11.6 per cent increase from September 2014 (464). The benchmark price of an attached homeis $786,600. This represents a 14.5 per cent increase from September 2016 and a 1.1 per centincrease compared to August 2017.
06-10-2017
Market News